Great Hotels of the World (GHOTW), which includes in its collection properties such as Atlantis The Palm Dubai and Altis Belem Hotel & Spa, will receive more than EUR3,000,000 investment over the next two years.GHOTW is a well-established sales and marketing...

A Qatari state-backed company is to buy the Grosvenor House hotel on London's Park Lane, the latest in a string of acquisitions of the capital's trophy assets.Katara Holdings, which is owned by the Qatar Investment Authority (QIA), has bought Grosvenor...

A Marseille commercial court approved U.S. investment group Colony Capital and France's AccorHotels to take over French hotel group Maranatha in receivership since 2017.Maranatha runs about 50 mostly four and five-star hotels in France owned by some 5,500...

The Walt Disney Co. has canceled plans to build a 700-room luxury hotel near its Anaheim resort, citing the city's elimination of a tax rebate agreement that would have saved the media giant $267 million over 20 years.The cancellation of the hotel --...

Turkish billionaire Ferit Sahenk's Dogus Holding AS is seeking buyers for luxury hotels across southern Europe, including the Capri Palace, according to people with knowledge of the matter.It's likely that these trophy properties, some of them formerly...

Hoboken Mayor Ravi Bhalla and other city officials yesterday announced a "major milestone in the history of the Mile Square City" -- a multimillion-dollar development deal that will build the city's second waterfront hotel and inject more than $4 million...

Billionaire William Heinecke is on the lookout for further takeovers after more than tripling the number of hotels his Minor International Pcl controls through the acquisition of Spain's NH Hotel Group.Heinecke, a U.S....

The tourism industry in Butler County has exploded over the past several years and a new giant draw -- the proposed Spooky Nook sports and convention complex in Hamilton -- is expected to send visitor numbers and dollars in the county even higher.With...